Business Management Daily
JANUARY 20, 2023
How are organizations using HR analytics to increase employee recruitment and retention? Dr. Rigolizzo: Regarding recruitment, thoughtful data can reveal built-in biases that keep you away from qualified candidates. There are many ways to use it down to where recruitment dollars should go. Does it matter if we do an interview?
Visier
FEBRUARY 27, 2020
High-performing employees might decide to leave the organization out of frustration with the lack of inclusion, and recruiting new employees will be more difficult. Not only will creating a more diverse and inclusive organization increase your recruiting pool, it can help you recruit more competitively.
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Analytics in HR
AUGUST 17, 2021
There are several metrics you can use to ensure fair pay. Salary range penetration is a crucial compensation metric to help you understand and manage pay differences at your organization. Why is salary range penetration a useful compensation metric? It gives you very similar information to the compa ratio metric.
Zenefits
FEBRUARY 7, 2023
Tracking and evaluating employee compensation metrics matters for maintaining a healthy, viable company. Let’s look at what compensation metrics are and which ones might best apply to your company’s compensation strategy. What are compensation metrics, and why are they important to measure? For example, the U.S.
HR Daily Advisor
JULY 21, 2015
In yesterday’s Advisor , we shared some of the results of our nationwide survey on HR metrics. 604 individuals participated in the HR Daily Advisor ’s HR Metrics Survey, conducted in April 2015. Turnover is clearly a very important metric for the HR professionals we surveyed—78% of participants measure it. Benefits and Metrics.
Analytics in HR
MARCH 7, 2022
For example, Pfizer, the well-known pharmaceutical company, does a worldwide annual pay equity study on their organization to assess equality for gender and minorities on base pay, merit increases, and perks/bonuses. Tracking compensation metrics. Hiring a compensation consultant.
Analytics in HR
JUNE 15, 2021
In its original use, compa ratio (or comp ratio, or compensation ratio) is a simple formula designed to compare an individual’s actual salary to the midpoint of a defined salary range. For example, you could use group compa ratio and other data to compare salaries in job groups to other organizations to evaluate external competitiveness.
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